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Hybrid Train Market

Global Hybrid Train Market Size, Share, Growth, Forecast: By Propulsion: Battery Operated, Electro Diesel, Hydrogen Powered, Others; By Application: Passenger, Freight; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Hybrid Train Market Outlook

The global hybrid train market is expected to grow in the forecast period of 2024-2032 at a CAGR of 6.3%.

 

Global Hybrid Train Market

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Passenger Segment Expected to Exhibit a Significant Growth in the Forecast Period

Based on application, the passenger segment is expected to exhibit a significant growth during the forecast period. The hybrid train is a cost-effective and efficient mode of passenger and freight transportation. Several cities are building new rail infrastructure projects to relieve traffic congestion and provide an economical mode of intercity and intra-city transit. Improved urbanisation, as well as a growing need for increased connection, comfort, dependability, and safety, are expected to drive the growth of the market.

 

Europe to Account for a Significant Share in the Hybrid Train Industry

Geographically, the hybrid train industry in Europe is expected to witness a significant growth during the forecast period owing to the rise in adoption of hybrid train in countries such as France, Spain, Germany, and the UK. Furthermore, as urbanisation and rail infrastructure construction activities increase in European countries, the demand for hybrid trains is expected to grow, thereby propelling the industry forward during the forecast period. The market is expected to grow due to an increase in government initiatives aimed at reducing carbon emissions.

 

Hybrid Train Market Segmentation

Hybrid train refers to railway cars that use a combination of fuel sources, with electricity being the predominant source. It has a rechargeable energy storage device onboard (RESS). This system is connected to the wheels and sits between the power source and the traction transmission system. Energy is stored in energy storage devices such as batteries, supercapacitors, and flywheels as a result of regenerative braking and excess energy generated during acceleration.

 

Global Hybrid Train Market by Segment

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On the basis of the propulsion, the industry can be segment into:

  • Battery Operated
  • Electro Diesel
  • Hydrogen Powered
  • Others

Based on application, the industry can be divided into:

  • Passenger
  • Freight

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Hybrid Train Market by Region

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Scarcity of Natural Resources and the Rising Cost of Fuel to Bolster the Growth of the Global Hybrid Train Industry

The growing need for environmentally friendly and energy-efficient rail operations is driving the hybrid train industry. The scarcity of natural resources, coupled with the rising cost of fuel, is likely to shift the focus away from diesel trains and towards eco-friendly transportation systems throughout the predicted period, boosting the demand for hybrid trains. Additionally, on the demand side, railway operators, freight companies, and government agencies want trains that are both energy-efficient and environmentally friendly. While the COVID-19 pandemic has adversely affected the hybrid train industry, disrupting the whole ecosystem and halting both manufacturing and sales of new rail cars throughout the world, the demand is expected to recover. Furthermore, the governments in several nations have established rigorous emission standards, forcing manufacturers to use new, less polluting hybrid train technology. Furthermore, constant research and development initiatives in this sector are likely to contribute considerably to the market growth.

 

Key Industry Players in the Global Hybrid Train Market

The report gives a detailed analysis of the following key players in the global hybrid train market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • CRRC CORPORATION LIMITED
  • ALSTOM Holdings
  • Siemens Mobility GmbH 
  • Hitachi Rail Limited
  • Rolls-Royce plc
  • Toshiba Infrastructure Systems & Solutions Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Propulsion
  • Application
  • Region
Breakup by Propulsion
  • Battery Operated
  • Electro Diesel
  • Hydrogen Powered
  • Others
Breakup by Application
  • Passenger
  • Freight
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • CRRC CORPORATION LIMITED
  • ALSTOM Holdings
  • Siemens Mobility GmbH 
  • Hitachi Rail Limited
  • Rolls-Royce plc
  • Toshiba Infrastructure Systems & Solutions Corporation
  • Others
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

Hybrid Train Market Report Snapshots

Hybrid Train Market Size

Hybrid Train Market Share

Hybrid Train Market Growth

Hybrid Train Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Hybrid Train Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hybrid Train Historical Market (2018-2023) 
    8.3    Global Hybrid Train Market Forecast (2024-2032)
    8.4    Global Hybrid Train Market by Propulsion
        8.4.1    Battery Operated
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Electro Diesel
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Hydrogen Powered
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Hybrid Train Market by Application
        8.5.1    Passenger
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Freight
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Hybrid Train Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.8    Middle East and Africa
            8.6.8.1    Historical Trend (2018-2023) 
            8.6.8.2    Forecast Trend (2024-2032) 
9    North America Hybrid Train Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Hybrid Train Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Hybrid Train Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.2    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Hybrid Train Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Hybrid Train Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    CRRC CORPORATION LIMITED
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    ALSTOM Holdings
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Siemens Mobility GmbH 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Hitachi Rail Limited
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Rolls-Royce plc
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Toshiba Infrastructure Systems & Solutions Corporation
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Hybrid Train Market: Key Industry Highlights, 2018 and 2032
2.    Global Hybrid Train Historical Market: Breakup by Propulsion (USD Million), 2018-2023
3.    Global Hybrid Train Market Forecast: Breakup by Propulsion (USD Million), 2024-2032
4.    Global Hybrid Train Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Hybrid Train Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Hybrid Train Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Hybrid Train Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Hybrid Train Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Hybrid Train Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Hybrid Train Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Hybrid Train Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Hybrid Train Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Hybrid Train Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Hybrid Train Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Hybrid Train Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Hybrid Train Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Hybrid Train Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Hybrid Train Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.

The major drivers of the industry, such as the increasing demand for eco-friendly and energy-efficient rail operations, favourable government initiatives, and the growing need for transportation, are expected to aid the market growth.

The key market trend guiding the growth of the industry include the continuous research and development activities by the key industry players.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Battery operated, electro diesel, and hydrogen powered, among others are the major segments based on propulsion considered within the market report.

The significant applications considered within the market report include passenger and freight.

The major players in the industry are CRRC CORPORATION LIMITED, ALSTOM Holdings, Siemens Mobility GmbH, Hitachi Rail Limited, Rolls-Royce plc, and Toshiba Infrastructure Systems & Solutions Corporation, among others.

Analyst Review

The global hybrid train market is being driven by the continuous research and development activities being carried out by the key industry players. Aided by the the increasing demand for eco-friendly and energy-efficient rail operations, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.3%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on propulsion, the industry can be categorised into battery operated, electro diesel, and hydrogen powered, among others. On the basis of application, the industry can be segmented into passenger and freight. The major regional markets for hybrid train are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include CRRC CORPORATION LIMITED, ALSTOM Holdings, Siemens Mobility GmbH, Hitachi Rail Limited, Rolls-Royce plc, and Toshiba Infrastructure Systems & Solutions Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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